Country Garden leads Mingtiandi’s headline roundup today with a plan to sell a London residential project worth up to $572 million. Also making the list, a key group of China Evergrande creditors is said to be backing a petition to… Read More>>
KWG Sells Stake in Zhejiang Project to Midea and More Asia Real Estate Headlines
Guangzhou developer KWG has sold its 50 percent stake in an eastern China residential project to Midea Real Estate, with that story leading Mingtiandi’s collection of real estate headlines today. Also making the news, South Korean leaders aim to boost… Read More>>
Evergrande NEV Director Arrested for ‘Illegal Crimes’ After Share Deal Collapse
The spectre of “illegal crimes” haunts China Evergrande once again, with authorities reportedly detaining an executive director of the troubled developer’s electric car unit.
Evergrande New Energy Vehicle “has learned that its executive director Mr Liu Yongzhuo has been detained… Read More>>
Evergrande’s Main Onshore Unit Discloses $44B in Unpaid Debts as EV Share Deal Fails
The primary mainland unit of China Evergrande has reported more than RMB 316 billion ($44.3 billion) in unpaid due debts, as 2023 drew to a close without completion of a restructuring deal for the world’s most leveraged developer.
The unit,… Read More>>
Evergrande Selling Stake in Shanghai Project and More Asia Real Estate Headlines
China Evergrande again leads our roundup of real estate headlines from around Asia, with the troubled developer selling off its stake in a Shanghai project at a loss. Also in the news, Chinese authorities are rolling back restrictions on home… Read More>>
Evergrande Boss Struggles to Sell $602M Mansion and More Asia Real Estate Headlines
China Evergrande leads Asia’s real estate news again today with report that chairman Xu Jiayin is struggling to sell his furtively acquired mansion in London’s West End. Also in the news, Malaysia’s IOI acquires Kuala Lumpur’s W Hotel and Moody’s… Read More>>
Moody’s Goes Negative on China Credit Outlook and More Asia Real Estate Headlines
China’s decaying finances lead today’s review of real estate headlines from around Asia Pacific, with news that Moody’s is revising its outlook for the country’s credit. Singapore’s GIC also makes the list with a deal said to be in the… Read More>>
Evergrande Winding-Up Hearing Adjourned Again and More Asia Real Estate Headlines
A winding-up hearing for China Evergrande has been pushed back again, this time to the end of January, with that story leading Mingtiandi’s roundup of real estate headlines today. Also making the list, OCBC files a money-laundering claim in Singapore’s… Read More>>
Evergrande Creditors Demand Controlling Stakes and More Asia Real Estate Headlines
Evergrande offshore creditors are demanding control equity stakes in the developer as well as its two Hong Kong subsidiaries, with that story leading Mingtiandi’s collection of headlines around the region. Also making the list, Blackstone has raised $2.6 billion to… Read More>>
China Evergrande Sued by Property Management Unit and More Asia Real Estate Headlines
China Evergrande leads the region’s real estate headlines again today with news that the embattled developer is now being sued by one of its listed subsidiaries. Also making the list, Singapore’s DBS provides a $134 million green loan for a… Read More>>
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